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Municipal Fund -
Definition Definition: A mutual fund is made up of money that is pooled together by a large number of investors who give their money to a fund manager to invest in a large portfolio of stocks and/or bonds. TeenAnalyst Advice:
Mutual funds are great because they offer regular investors a chance
to diversify their portfolios, which is something they may not be
able to do on their own. Consider this, if you want to build
a diversified portfolio of 30 stocks, you would probably need $30,000
to get started ($1000 per stock...which is usually the norm).
Or you could open up an account with a mutual fund for just $1000.
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